American States Water (NYSE:AWR) Earns Hold (C) Rating from Weiss Ratings

American States Water (NYSE:AWR)‘s stock had its “hold (c)” rating reiterated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

American States Water Price Performance

American States Water stock opened at $73.23 on Wednesday. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 3.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.56 and a quick ratio of 1.46. American States Water has a 1 year low of $69.85 and a 1 year high of $87.50. The firm has a 50-day moving average of $73.58 and a two-hundred day moving average of $76.20.

American States Water (NYSE:AWR) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $163.07 million during the quarter, compared to analysts’ expectations of $170.64 million. American States Water had a net margin of 20.26% and a return on equity of 13.14%. American States Water’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. On average, research analysts forecast that American States Water will post 3.34 earnings per share for the current year.

Institutional Investors Weigh In On American States Water

Several hedge funds have recently modified their holdings of the business. Cozad Asset Management Inc. increased its stake in American States Water by 0.5% during the 2nd quarter. Cozad Asset Management Inc. now owns 27,051 shares of the utilities provider’s stock valued at $2,074,000 after purchasing an additional 138 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of American States Water by 6.2% in the second quarter. Smartleaf Asset Management LLC now owns 2,563 shares of the utilities provider’s stock worth $196,000 after acquiring an additional 150 shares during the period. Handelsbanken Fonder AB increased its stake in shares of American States Water by 1.2% in the second quarter. Handelsbanken Fonder AB now owns 13,834 shares of the utilities provider’s stock worth $1,061,000 after acquiring an additional 169 shares during the period. Amalgamated Bank increased its stake in shares of American States Water by 1.7% in the second quarter. Amalgamated Bank now owns 10,944 shares of the utilities provider’s stock worth $839,000 after acquiring an additional 181 shares during the period. Finally, Xponance Inc. increased its stake in shares of American States Water by 6.1% in the first quarter. Xponance Inc. now owns 3,158 shares of the utilities provider’s stock worth $248,000 after acquiring an additional 182 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.